Life Insurance Settlement Association to encourage legislation that protects consumer right to sell life insurance policy
The Life Insurance Settlement Association (LISA), the oldest and largest trade association representing members of the life settlement industry, rolled out an aggressive strategy for encouraging legislation that protects a consumer’s right to sell a life insurance policy at its 25th Annual Fall Life Settlement & Compliance Conference this week. It also announced its new board of directors.
The annual conference, which is the longest-running professional event of its kind in the life settlement industry, was held October 13-15 at the Hilton Nashville Downtown. More than 150 industry professionals from the US and Europe attended the event.
“We have made a strategic shift as a trade association to pursue a more comprehensive legislative and regulatory affairs strategy,” said Bryan Nicholson, executive director of LISA, in his opening remarks at the annual LISA Members Meeting held at the conference. “Our vision is to support public policies at the federal and state levels that will grow the life settlement industry by making it easier for consumers to extract value from the investments they have made in their life insurance policies and by raising awareness of the life settlement option as an alternative to policy lapse or surrender.”
LISA also announced the results of its board of directors election process. Serving on the board are six members who are continuing their terms, as well as two members who were elected to a three-year term and one member re-elected to a new three-year term.
The board members are Alan Buerger, Coventry, Brian Casey, Locke Lord LLP, Chris Conway, ISC Services, John Dallas, Berkshire Settlements, Rob Haynie, Life Insurance Settlements, Stephen Kirkwood, Vida Capital, John McFarland, NorthStar Life Services, Steven Shapiro, Q Capital Strategies, and John Welcom, Welcome Funds.
The newly constituted board of directors will elect officers at its November board meeting within the next 30 days.
Featured conference sessions over the three-day event included a keynote address regarding how to lead organizations in an industry experiencing significant growth, a workshop focusing on successful branding and marketing strategies for the life settlement industry, an expert presentation regarding artificial intelligence and the future of life settlements, a legislative and regulatory update from a panel of industry leaders, and a session containing life settlement market predictions and industry forecasts.
“This year’s conference was well-attended by life settlement brokers, providers, institutional investors, actuaries, attorneys, bankers and other service providers,” said Nicholson. “Our program combined informative educational sessions to help industry participants more successfully manage their businesses with a variety of professional networking opportunities to help them close more deals.”
LISA’s next scheduled conference will be its annual Institutional Investors Conference and will take place on February 3 in New York City.
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
Climate change, technology and geopolitical instability head up main future risks: AXA
Verifly secures $22M funding, rebrands as Thimble
New insurance industry guide to protect UNESCO World Heritage Sites launched
Dorian and Faxai combine to push Everest Re to $280 million loss
Quantemplate closes $12 million+ funding round
Teresa Fitzgerald joins Lakeshore and Penn Mutual
Mapfre included in key Socially Responsible Investment list
The Hilb Group acquires Campisano Insurance Agency
Two directors join Cowbell Cyber’s board
Feature: 10 ways insurers are using insurtech to drive new business
